beginning inventory is $20,000. purchases of inventory during the year are $100,000. ending inventory is $50,000. what is cost of goods sold?

Answers

Answer 1

Answer: $70,000

Explanation: Add ending + Beginning

Answer 2

The cost of goods sold as per the given data of inventories and purchases of inventory is $70,000 during the year.

What is inventory?

The products, resources, and equipment that a company keeps on hand in advance of selling them to customers for a profit are referred to as inventory. One can fulfill the needs of your clients and can save money by using inventory management.

The inventory that appears at the beginning of the year refers to as the beginning inventory whereas the inventory which remains at the end of the financial year in business is referred to as the ending inventory.

The calculation for the cost of goods sold

beginning inventory = $20,000

ending inventory  = $50,000

purchases of inventory =  $100,000

COGS = the starting inventory + purchases – ending inventory

           = (20,000+100,000)-50,000

           = 120,000- 50,000

           = 70,000

Therefore, the Cost of goods sold is  $70,000.

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Related Questions

what does it mean if the government runs out of money

Answers

Debt ceiling crisis!

we call it debt ceiling crisis

Which of the following is an example of an economic good?
a. Sunlight
b.Air Petrol
c.None of the above​

Answers

Answer:

A) sunlight

Explanation:

solar energy... reusable and efficient

please mark as brainliest

Answer:

Sunlight

Explanation:

Nordstrom recently launched a new website, www.NordstromSilverScreen, which features fashion information and music videos. It also includes interactive features that allow you to dress a mannequin and play around in an interactive mixing room, where you can create your own music remix while mixing and matching outfits. Nordstrom Silverscreen is an example of :__________

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Answer:  Experience Gives Nordstrom Customers Interactive Video, Fashion, Music and remix of the song by mixing and matching clothes on a mannequin.

Explanation:

the inventory costing method that matches each unit of inventory with its actual cost is referred to as the _____ method.

Answers

Answer: Specific Identification

PLEASE HELP ME I NEED HELP!!!!!!
Which of these factors would NOT cause the demand curve for a particular good to shift?

Group of answer choices

a change in the costs of a necessary factor of production

a change in the number of consumers in the market

a change in the level of consumer income

a change in consumer preference

Answers

Answer:

a change in the level of consumer income

Explanation:

i did the problem recently :)

Did your marketing efforts create more accurate expectations about the product?

Answers

Answer:

Yes...But is a written statement of your company's marketing goals and plan for achieving them..This section of the marketing plan describes the features of the product and its benefits for people in your target market.

This is where you discuss the needs, desires, and fears of your target market and consider how you can use these emotions to make your product's benefits most attractive..

Explanation:

Hope it helps you..

But If you don't get my answer, i-its fine..(;ŏ﹏ŏ)

B-but... Y-your welcome in advance..

(;ŏ﹏ŏ)(ㆁωㆁ)

what is a consequence of not having health insurance?

Answers

A consequence of not having health insurance is:

A person may not be able to afford healthcare if he falls ill

Health insurance is the type of insurance where a person pays a premium periodically to cover the medical costs in case of an illness, surgery or any other health related problems.

This is important because:

It protects the insured from unexpected medical emergenciesSome health services come at a subsidized rate for such personSome preventive measures are available at no cost, etc

Therefore, one consequence of not having a health insurance is that any sudden medical emergency can catch a person unawares and he would not be able to afford treatment.

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accountants who work at the corporate headquarters of a large department store chain use state-of-the-art systems to create financial statements every day, but the interpretation and analysis of those statements can take several hours. the accounting department consists of financial, managerial, and tax accountants. one advantage of departmentalizing the accountants is:

Answers

The major advantage of departmentalizing the accountant is because its ensure maximum efficiency since employees could coordinate work within the department function.

Simply put, the term "Departmentalization" refers the process of grouping activities or function into section under the same department.

For instance, every company have an accounting department. The process of sub-grouping the accounting department into legal compliance or financial control, Reports and financial statements, Budgeting etc is known as departmentalization.

The process of Departmentalization has numerous advantages but one particular advantage is that employees with similar expertise can coordinate the work between themselves to achieve efficiency.

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Tim and Rebecca just had a baby. They received money as baby gifts and want to put it away for the baby’s education. Which of the following is likely to have the highest growth over the next 18 years?

Answers

A bank account where you can collect interest by leaving money in there for 18 years it will just be collecting all that interest

Tim and Rebecca just had a baby. They received money as baby gifts and want to put it away for the baby’s education. The stock has the highest growth over the next 18 years.

What does high-growth stock mean?

Growth stocks are those businesses whose sales and earnings are anticipated to increase more quickly than the market as a whole. Growth stocks frequently have high P/E ratios and appear to be expensive, but if the company maintains its rapid growth, which will increase the share price, such valuations may actually be reasonable.

The first step in long-term financial planning for your child should be to either draught a will or make changes to the one you already have. Your will should specify what happens to your estate in addition to designating who will be your child's legal guardian in the event of your passing.

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give questions from biology plzz and take free 20 points for that and more after you give question and ill give brainliest

Answers

Answer:

How did evolution ever lead ostriches to hide their head in the sand when an enemy approaches?

Explanation:

HOPE IT HELP

PLEASE HELP ME!!!!! I NEED HELP ASAP!!!!!

Step 1: Read the Scenario
You are currently employed as an administrative assistant for a technology company called GoldStar Technology in the San Francisco, California, area. You have been asked by the Human Resources director to create a slideshow presentation that will be presented at a new employee orientation. The topic of the presentation is related to professional and unprofessional behaviors in the workplace.

Step 2: Brainstorm Behaviors
Part A: Identify and write down 10–15 workplace behaviors.
Make a list, chart, or mind map, making sure you have about the same number of professional and unprofessional behaviors.

Part B: Search for images or memes that adequately represent each of the behaviors you’ve identified.
Collect the selected images in a file, as you will need them for your presentation.

Step 3: Create and Submit Your Presentation
Create a presentation comparing and contrasting professional and unprofessional workplace behaviors using slideshow presentation software.

Make sure that your presentation meets all of the following requirements:

Presentation includes a title slide and a minimum of 10 additional slides outlining the Dos and Don’ts of behaviors in the workplace.
Title slide contains the title of the presentation and your name.
Each slide contains a heading and a short description of the behavior as well as a meme or image representing the behavior.
There are at least 10 behaviors outlined in the presentation, with an equal balance of professional and unprofessional behaviors.

I don't need help with the slideshow part, I mainly need help with the dos and don'ts of office and workplace behavior. HELP!!!!!!! :(

Answers

give me 20 mins to get an answer for this and i’ll write it down for you

which type of workplace discrimination occurs when an organization uses an employment practice that results in unfavorable outcomes to a protected class?

Answers

Answer:

searchhhh mo saaa

Explanation:

GOOoogle

a company has a $10,000 cash balance per its books. the bank statement has a balance of $9,580. the bank reconciliation included $800 of deposits-in transits, $500 of checks outstanding, a $100 nsf check from a customer, and a $20 bank service charge. given the above reconciling items, the up-to-date cash balance equals:

Answers

The company's updated cash book balance should equal $9,880.

Data and Calculations:

Balance as per cash book = $10,000

Bank Statement balance = $9,580

Deposits not yet credited by the bank = $800

Checks outstanding = $500

NSF check = $100

Bank service charge = $20

Updated Cash Book

Balance as per cash book     $10,000

NSF check                                    (100)

Bank service charge                     (20)

Updated cash book balance $9,880

Thus, the company's updated cash book balance is $9,880 after taking into account, the NSF check and the bank service charge.

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Tristen, who is from Poland, is told by one of his coworkers that he is left out of conversations because he will not understand American phrases. This is an example of

a ethnic discrimination
b LGBTQ discrimination
c racial discrimination
d religious discrimination

Answers

Answer:

a

Explanation:

we arent told any other details apart from that he is from Polish, so it's the logical answer

Answer: A

Explanation:

Ethnic discrimination, the behavioral manifestation of racism, is defined as "unfair, differential treatment on the basis of race or ethnicity

who is likely to be in favor of a price ceiling on a good?

Answers

Answer:

A vast majority of Democrats and a few Republicans. On this recent vote, 11 Republicans voted with the Democrats.

The legal form of business ownership in which owners have limited personal accountability for the debts and dealings is a
Limited Liability Company
sole proprietorship
Partnership
Corporation

Answers

Answer:

Limited Liability Company

Explanation:

Supply chain management primarily focuses on two or more stages of the marketing channel under one management.Question 21 options:TrueFalse

Answers

The statement "Supply chain management primarily focuses on two or more stages of the marketing channel under one management" is:

False

Supply chain management is the type of management where there is a sum of all the production processes which are involved in making a raw material into a finished product that is ready for market sale.

The given question actually refers to Vertical Channel Integration because it focuses on two or more marketing channels which operate under one management.

Therefore, the correct answer is False

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the executives of great lakes medical center are writing a statement that explains their organization’s core purpose. great lakes medical center is at the strategic formulation step in strategic management.

Answers

Your organization's core purpose statement is a step of Strategic Objectives and Analysis. So the statement presented is False

Strategic management is a term to refers to the process of building a company. In it, all the necessary aspects such as objectives, the public, the market, the mission, among others, are analyzed. This process is generally divided into several steps. Each of the steps is explained below:

Strategic objectives and analysis: In this stage, all the external and internal analysis of the company is carried out to establish its principles.Strategic formulation: In this stage, the goals and objectives of the company are established based on the analysis of the previous stage.Strategic implementation: In this stage, everything that was planned in the previous stages begins.Evaluation and Strategic Control: In this stage, the operation and planning are evaluated and corrections are proposed to improve the weak aspects of the company

According to the above, Great Lakes Medical Center executives who are writing a document to explain the central purpose of their organization are in the Strategic Objectives and Analysis stage. So the correct answer is False.

Complete question:

The executives of great lakes medical center are writing a statement that explains their organization’s core purpose. Great lakes medical center is at the strategic formulation step in strategic management.

True

False

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what two methods of depositing and withdrawing money are most convenient for you? why?

Answers

Two methods: make deposits and withdrawals from a checking account: by going to a bank branch and working with a bank teller, or by using the nearest ATM you can find.


Hope this helps!! :)

There are two ways to deposit money into and withdraw money from a checking account: either visit a bank branch and deal with a bank teller there, or use the closest ATM you can find.

What is ATM ?

One of the easiest and fastest ways to deposit money into your account is by using a credit card or debit card. These bank cards are widely used, therefore you are no longer need to open a separate account. Additionally, money is transferred to your account balance right away.

Customers of financial institutions can conduct financial activities, such as cash withdrawals, deposits, funds transfers, balance inquiries, or account information enquiries, at any time and anywhere using an automated teller machine (ATM), sometimes known as a cash machine in British English without having to speak to a bank employee directly.

Customers can use an ATM to access their bank deposit or credit accounts and perform a number of financial operations, including checking their balances, withdrawing cash, and transferring credit to and from mobile devices.

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advantage of running a business with someone and disadvantage​

Answers

advantages are you can split the workload and the costs between the two of you, but the disadvantages are more prone to infighting, and you have to split the profit

Final Review
Which of the following is not a type of discrimination?
A. Racial
B. Gender
C. Religious
D. Supervisor/Employee
Submit

Answers

Answer:

D: Supervisor/Employee

The correct option is D. Supervisor/Employee is not a type of discrimination.

Employers are not permitted to discriminate against job applicants on the basis of their race, color, religion, or sex. Unfair treatment or harassment can take many different forms, some of which include spreading false information about you. being unjust to you.

What is constructive discrimination?

Unfair treatment can occur when a regulation or practice mistakenly singles out a certain group of individuals. "Constructive" or "adverse effect" discrimination is the term used to describe this kind of inadvertent bias. As an illustration, one business mandates that all male employees have clean-shaven faces.

As it relates to policies, programs, employment, and services offered by any organization, systemic discrimination refers to the practices, routines, and organizational culture that, frequently without intention, result in less favorable outcomes for minority groups than for the majority of the population.

You must take action if your boss' actions and crude remarks pose a threat. Speak with the human resources division of the business. If nothing changes after that, you might even think about complaining about your supervisor and the business to the labor department in your state.

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future value computations are often referred to as

Answers

Answer:

Discounting

Explanation:

Future value computations are often referred to as. - Discounting.

You work at the Barnacle Boutique, and you are preparing to offer a class in which customers will hand-dye silk scarves using modern ebru techniques. According to the document, you will need: acid dyes and food coloring. vinegar and powder dye. acrylic paints and water. tissue paper and heat. natural earth pigments and pinewood.

Answers

I just don’t wanna believe it you have a baby and I’m not trying it to hurt my life

What people need to make a phones?

Answers

Answer:

Some electronic gadgets wires and all other stuff

colin, who is a paralegal for a powerful manhattan law firm, likes the fast pace of his work and the fact that things are always changing there. colin can be said to

Answers

Colin can be said to have internal locus of control

Internal locus of control is simply known as the way individuals perceive the occurrences that happen to them.

Individuals who have an internal locus of control, often believes that what happens to them is a result of their own decisions. They do not accept social conformity and obedience.

Collins believing in his fast pace of work is his internal locus of control

From the above we can say that Colin can be said to internal locus of control

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Answer:have a high tolerance for ambiguity

Explanation:

Because he is open to change and welcomes that things will be different at times

Growing a business often results in growing your

Answers

Answer:

Product line. As a company grows, it is often important to increase the products you offer, or else your company will become stuck in a vicious cycle of stagnancy.

Explanation:

Hope this helps! Have a great day, and spread some positivity!

Ida has always wanted to be a teacher and give back to her community. However, she has recently come to realize that she will never be able to afford a fancy lifestyle if she chooses to be an educator. Ida is now confused about which career path to choose. Which values conflict is Ida MOST likely facing?

A.
leadership vs. acceptance

B.
security vs. risk

C.
wealth vs. service

D.
challenge vs. control

Answers

Answer:

C. Wealth vs. Service

Explanation:

Ida is choosing between wealth and service because she needs to choose between living a non-fancy lifestyle or educating the future generations (service).

Cho started out with one small cupcake shop. Her business has grown so much that she now has two other shops across town. Cho has found that having three locations has greatly increased her production levels. She also notices that the price she pays for supplies (flour, butter, sugar, and packaging materials) has gone down considerably since she can now buy these items in bulk quantities. This exemplifies the principle known as

Answers

Answer:economies of scale

Explanation:

Rex is currently taking physics as one of his electives in school. His grade at the end of the year is determined by the average of four exams, each worth 100 points. On his first test he got an 84, on his second he got a 86, and on his third an 92. What must he score on his fourth exam to get an A (90%) in the course?

a. 98

b. 90

c. 88

d. 86

Answers

the answer is 90%because you add up every thing

Answer:

98%

Explanation:

strayer partnered with top employers, business leaders, and recruiters to identify ________ that are critical to performing your best—not just in one field, but across all industries.

Answers

In the business environment, partnering with top employers, business leaders, and recruiters to identify skills that are critical to performing your best, across all industries is a relevant strategic advantage.

Through the knowledge and experience of great leaders and recruiters, a new organization is able to identify the skills needed for its employees to achieve the best performance.

Some of these skills might be:

Communication skills.

Good interpersonal relationship.

Creativity.

Proactivity.

The employee's skills will be essential for the formation of an organizational culture, which should be focused on cooperation, ethics, respect and employee appreciation, in order to achieve greater motivation and productivity.

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